Cruise, Holmes divorce settlement

Associated Press
FILE -  In this Saturday, June 4, 2005 file photo, Tom Cruise, right, reaches for the hand of his girlfriend Katie Holmes after accepting the MTV Generation award, during the MTV Movie Awards, in Los Angeles. Cruise and Homes are calling it quits after five years of marriage. Holmes' attorney Jonathan Wolfe said Friday June 29, 2012 that the couple is divorcing, but called it a private matter for the family. (AP Photo/Mark J. Terrill, File)

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According to sources, following the finalization of their divorce this week, Tom Cruise will pay his ex-wife Katie Holmes just $US400,000 a year in child support.

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